Por: Los Angeles Times Business October 21, 2022
Snap Inc. reported its slowest quarterly sales growth ever, saying that a decline in advertising spending continues to drag on results. Its shares plunged more than 20% in late trading. The Santa Monica maker of the Snapchat app said third-quarter sales increased 6% to $1.13 billion. That was just shy of analysts’ average estimate of $1.14 billion, according to projections compiled by Bloomberg. Snap and platforms such as Meta’s Facebook and... + full article
The New York Times USA Tech October 21, 2022
For years, Snap, the maker of the ephemeral messaging app Snapchat, steadily grew its advertising business. That changed last year after Apple enacted that made it harder for apps to target advertising to their users.Since then, Snap’s business has continued to slow.On... + más
Snap reports slowest quarterly sales growth ever as advertisers retreat | Los Angeles Times
Snap sets off alarm bells in ad-reliant social media sector | Fox Business
CNBC USA Tech October 21, 2022
In this articlewatch nowVIDEO3:0903:09Snap must solve its monetization problem to solve its revenue problem, says Loup's Gene Munster shares plummeted more than 25% in extended trading on Thursday after the social media company reported weaker-than-expected revenue for the... + más
Snap stock falls nearly 25% after revenue hit by shrinking advertiser budgets | CNN
Fox Business USA Tech October 21, 2022
Tech analyst Pete Pachal discusses Snapchat and its plan to lay off 20% of its workforce as they prepare to launch their ad-supported subscription tier on ‘Mornings with Maria.’ Snap Inc shares sank more than 30% on Friday and hit their lowest since the pandemic, after the... + más
Snap closing San Francisco office amid restructuring | Fox Business
CNN USA Business October 20, 2022
CNN — Snap’s bad year continues. Snap on Thursday reported revenue of $1.13 billion for the three months ending in September, a slight 6% increase from the year prior and less than Wall Street had expected, as the company confronts tightening advertiser budgets in an... + más
Snap plunges more than 25% on third-quarter revenue miss | CNBC
Business Insider USA Tech September 29, 2022
For the 2021–2022 TV season, US upfront ad spending will bounce back to nearly pre-pandemic levels, if not to its 2018–2019 peak, according to our latest estimates. US upfront ad spending will bounce back to nearly pre-pandemic levels this year. Insider Intelligence... + más
US TV advertisers will spend close to $20 billion in this year's upfronts | Business Insider
Business Insider USA Tech September 22, 2022
Meta looks to cut costs by 10% or more over next few months, says report | CNBC
Mark Zuckerberg's net worth has dropped $71 billion this year | CBS News
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